Sherman Residential 2018 Multifamily Acquisition Criteria

The objective of the real estate group at Sherman Residential is to acquire existing multifamily apartment communities in designated markets throughout the United States. The following information outlines our current general criteria:

Property Description

  • Garden-style and mid-rise apartment complexes
  • 150 units minimum, built after 2005
  • Attractive grounds, comprehensive amenity package, good unit mix
  • Strong locations in designated markets

Geographical Location

The following metropolitan areas:
  • Phoenix, Arizona
  • Denver, Colorado
  • Jacksonville, Florida
  • Tampa, Florida
  • Atlanta, Georgia
  • Charlotte, North Carolina
  • Raleigh-Durham, North Carolina
  • Charleston, South Carolina
  • Greenville-Spartanburg, South Carolina
  • Nashville, Tennessee
  • Austin, Texas   
  • Dallas, Texas
  • San Antonio, Texas
  • Salt Lake City, Utah


  • At or below comparative replacement cost.
  • Anticipated return in the first year of 6% or greater.

Submission Requirements

All submissions must have the following items to be expeditiously considered:
  • Current rent roll
  • YTD financial statements and prior two years
  • Complete physical description of improvements
  • Site plan, floor plans, amenities and unit mix
  • Complete color photos - aerial if possible
  • Market data on comparable rental properties and recent sales
  • Current concessions and concession history
  • Resident profile report


Mr. Scott Gould
Sherman Residential
direct: (847) 374-2723

Axis 3700
Axis at The Rim
Axis at Wycliff
Axis Berewick
Carrington Oaks
Manor Six Forks
Maple District Lofts
One Metrocenter
Pecos Flats
Southern Oaks at Davis Park
Station 40